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National market update

Existing-Home Sales Spike in July

WASHINGTON (August 21, 2013) – Existing-home sales rose strongly in July, with the median price maintaining double-digit year-over-year increases, according to the National Association of Realtors®
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Home Prices Pick Up Steam in Most Metro Areas during Second Quarter

WASHINGTON (August 8, 2013) – Median home prices continued to rise in the majority of metropolitan areas in the second quarter, with the national year-over-year price showing the strongest gain in seven-and-a-half years, according to the latest quarterly report by the National Association of Realtors®.
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National housing indicators

Existing home sales ()

5.39 million units*

Existing home median price ()

$213,500

Housing Starts ()

896,000 units*

New home sales ()

National economic indicators

Home ownership

2nd Qtr 13

65.0%

2nd Qtr 12

65.5%

The homeownership rate in the second quarter 2013 (65.0 percent) was lower than the second quarter 2012 rate (65.5 percent). The homeownership rate in the South was lower than the corresponding second quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

July 2013

-14.1%

August 2013

+7.9%

Sales of new single-family houses in August 2013 were at a seasonally adjusted annual rate of 421,000. This is 7.9 percent (+/- 14.6%)* above the revised July 2013 estimate of 390,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

The Corekin Team

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

Are You Buying the Right House?

Anyone who has ever bought a home remembers the wonderful feeling of finding the right house and falling in love with it, but don’t let your emotions overrule a reasonable assessment of whether a particular home really meets your needs.Read more

Contingencies Your Home Offer Should Include

Contingency clauses in your home offer can take away some of the uncertainty of buying a home by detailing conditions that must be met before closing.Read more

What to Expect After Listing Your House

Prepare yourself by reviewing what happens once you sign a listing agreement: Getting the house ready, showing it off and responding to the marketplace.Read more

How to Estimate Closing Costs and Net Proceeds

What’s the price of selling your home? Sellers may face a parade of taxes, fees, commissions and miscellaneous closing costs that can whittle away up to 4 to 7 percent of your home’s sale price. So, how do you know what net profit you’ll walk away with?Read more

Secrets of Professional Home Stagers

Why stage a house? Staging can be a cost-effective way to get a quick sale. If done well, staging makes a remarkable difference. "We took over a house that was on the market for six months, didn’t change the price, staged it, and it sold in 18 days,” says Realtor® Paul Conti".Read more

Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, realtor.com® local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.

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